Andrea's Feed
Nov 9, 2015

Boeing eyes defense services business as key for growth

DUBAI (Reuters) – A senior Boeing Co. (BA.N: Quote, Profile, Research, Stock Buzz) executive on Monday described the loss of an $80 billion U.S. bomber contract last month as a “minor setback” and said the company remained determined to expand its defense business.

“The opportunity to grow BDS remains,” Tom Bell, senior vice president of global sales and marketing for Boeing’s defense business, told Reuters, referring to Boeing’s shorthand for its Defense, Space and Security division.

Nov 9, 2015

Airshow – Combat use of F-16s in Mideast spurs fresh demand, says Lockheed

DUBAI (Reuters) – Combat use of Lockheed Martin Corp’s (LMT.N: Quote, Profile, Research) F-16 fighter jets in air strikes over Yemen, Syria and Iraq is spurring fresh demand for the warplane, which has sold 4,588 times and is in use by 27 countries, according to Lockheed officials.

Randy Howard, director of Lockheed’s integrated fighter group, told Reuters that current F-16 orders would keep the production line running through the fourth quarter of 2017, but other opportunities in Indonesia, the Gulf, eastern Europe and other regions could extend the line well into 2019 and beyond.

Nov 9, 2015

Combat use of F-16s in Mideast spurs fresh demand – Lockheed

DUBAI, Nov 9 (Reuters) – Combat use of Lockheed Martin
Corp’s F-16 fighter jets in air strikes over Yemen,
Syria and Iraq is spurring fresh demand for the warplane, which
has sold 4,588 times and is in use by 27 countries, according to
Lockheed officials.

Randy Howard, director of Lockheed’s integrated fighter
group, told Reuters that current F-16 orders would keep the
production line running through the fourth quarter of 2017, but
other opportunities in Indonesia, the Gulf, eastern Europe and
other regions could extend the line well into 2019 and beyond.

Nov 9, 2015

Boeing frustrated with delays in US approvals for Gulf fighter sales

DUBAI (Reuters) – Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) is “a little frustrated” with delays in getting U.S. government approvals for fighter jet sales to countries in the Gulf region, but hopes to see movement on those deals early next year, a senior Boeing executive said on Monday.

Jeff Kohler, Boeing’s vice president for international business development, told reporters the government review process had taken longer than expected.

Nov 8, 2015

Textron sees Gulf demand for drones, ground vehicles

DUBAI (Reuters) – Lower oil prices and conflicts in Yemen, Iraq and Syria have focused the attention of many Gulf countries on smaller drones, ground vehicles and other short-term equipment needs, a senior Textron Inc executive said Sunday.

“Oil and the conflicts going on are making everything about what is needed here and now, versus what do we need for the future,” Textron Systems President Ellen Lord told Reuters at the Dubai Airshow. “People are much more price conscious.”

Nov 8, 2015

Bombardier sees new CS100 jet certified by year end

DUBAI, Nov 8 (Reuters) – Canadian planemaker Bombardier said
on Sunday it is on track to certify its new CS100 regional jet,
which is making its Middle Eastern debut at the Dubai Airshow
this week, before its planned entry into service next year.

Fred Cromer, president of Bombardier Commercial Aircraft,
told reporters the company’s CSeries programme was progressing
well, and was seeing demand from an array of customers,
including some in the Gulf region.

Nov 8, 2015

Bell sees delayed recovery in commercial helicopter market

DUBAI, Nov 8 (Reuters) – Bell Helicopter, a unit of Textron
Inc, said on Sunday it did not expect a recovery in the
commercial helicopter market until the first or second quarter
of 2017.

Bell and other helicopter makers had previously said they
expected an improvement some time in 2016. But Patrick Moulay,
vice president of global sales and marketing for the helicopter
market, said the outlook was worse than expected six months ago,
given that key customers now believed that oil and gas prices
would remain lower for a longer period.

Nov 8, 2015

Dubai Airshow opens amid drop in new jetliner orders

DUBAI, Nov 8 (Reuters) – After three years of record
jetliner orders, planemakers are bracing for a slowdown in new
commitments at the Dubai Airshow which opens on Sunday under the
shadow of recently falling oil prices and conflicts in the
Middle East.

Barring traditional show surprises, delegates attending the
biennial Nov 8-12 event predicted a drop in major commercial
order announcements as Gulf airlines take stock after expansion.

Nov 6, 2015

U.S. patrol sought to avoid provocation, not reinforce China island claim: officials

WASHINGTON (Reuters) – The U.S. Navy deliberately avoided military drills or other actions that could have further inflamed tensions with Beijing during a patrol last week near islands China has built in the South China Sea, U.S. officials said.

“We wanted to assert our rights under international law, but not to the point where we were poking the Chinese in the eye, or where it would unnecessarily escalate the situation,” said a U.S. official, speaking on condition of anonymity.

Nov 6, 2015

Boeing, Lockheed protest Northrop’s U.S. bomber contract win

DUBAI (Reuters) – Boeing Co and Lockheed Martin Corp on Friday said they had filed a formal protest against the U.S. Air Force’s contract award to Northrop Grumman Corp for a new long-range strike bomber, a deal valued at around $80 billion.

The companies plan to release a statement with more details later Friday, said Boeing spokesman Todd Blecher.